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Christmas Price Index
True cost of Christmas, 1984–2023
Christmas Price Index (US$)
Year
Christmas Price Index
Δ% in CPI
True Cost of Christmas
1984
$12,623.10
+1.44%
$61,318.94
1985
$12,765.99
+1.13%
$62,818.92
1986
$12,920.25
+1.21%
$63,402.22
1987
$13,871.75
+7.36%
$68,740.80
1988
$13,785.63
−0.62%
$67,745.74
1989
$14,598.78
+5.90%
$70,961.21
1990
$15,231.72
+4.34%
$72,205.12
1991
$15,455.79
+1.47%
$71,907.19
1992
$15,581.96
+0.82%
$71,618.71
1993
$15,760.70
+1.15%
$72,258.42
1994
$15,944.20
+1.16%
$73,258.42
1995
$12,481.65
−21.72%
$51,764.94
1996
$13,195.86
+5.72%
$54,478.36
1997
$13,343.86
+1.12%
$55,086.26
1998
$14,214.90
+6.53%
$58,405.09
1999
$14,940.17
+5.10%
$59,719.33
2000
$15,210.22
+1.81%
$60,307.18
2001
$15,748.81
+3.54%
$62,935.17
2002
$14,558.05
−7.56%
$54,951.31
2003
$16,885.28
+15.99%
$65,264.28
2004
$17,296.91
+2.44%
$66,334.46
2005
$18,348.87
+6.08%
$72,608.02
2006
$18,920.59
+3.12%
$75,122.03
2007
$19,507.25
+3.10%
$78,100.10
2008
$21,080.10
+8.06%
$86,608.51
2009
$21,465.56
+1.83%
$87,402.81
2010
$23,439.38
+9.20%
$96,824.29
2011
$24,263.18
+3.50%
$101,119.84
2012
$25,431.18[1]
+6.1%[1]
$107,300.24[1]
2013
$27,393.18[2][3]
+7.70%
$114,651.18[2]
2014
$27,673.21
+1.00%
$116,273.06[4]
2015
$34,130.99
+0.6%
$155,407.18
2016
$34,363.49
+0.7%
$156,507.88
2017
$34,558.65
+0.6%
$157,558.00
2018
$38,926.03
+11.2%
$170,362.26
2019
$38,993.59
+0.17%
$170,298.03
2020[A]
$16,168.14
-58.5%
$105,561.80[5]
2021
$41,205.58
+5.7% (+64.6%)[B]
$179,454.19
2022
$45,523.27
+10.5%
$197,071.09
2023
$46,729.86
+2.7%
$201,972.66
The Christmas Price Index is a tongue-in-cheek economic indicator, maintained by the U.S. bank PNC Wealth Management, which tracks the cost in USD of the items in the carol "The Twelve Days of Christmas".[6][7] The woman responsible for maintaining the list since 1986 is Rebekah M. McCahan. [1]
^ abc"12 Days of Christmas total cost now tops $107,000". News 13. Orlando. Associated Press. November 26, 2012. Archived from the original on January 18, 2013. Retrieved November 5, 2015.
^ abGoyeneche, Ainhoa (December 2, 2013). "PNC's Twelve Days of Christmas Price Index for 2013". Bloomberg. Retrieved January 3, 2017.
^Aldinger, Alan (December 2, 2013). "PNC Christmas Price Index: Bah, Humbug! PNC Christmas Price Index Surges 7.7 Percent In 2013; Prices Would Cause Ebenezer Scrooge To Cringe" (PDF) (Press release). PNC Financial Services. Retrieved December 16, 2013.
^Ferro, Shane (December 1, 2014). "Here's The True Cost Of Christmas". BusinessInsider. Retrieved January 3, 2017.
^ ab"The PNC Christmas Price Index". www.pnc.com. Retrieved 2023-11-30. 2020 — The year that saw the single biggest percentage drop in the index (58.5%) as well as the lowest overall price of the index (only $16,168.14.) That version of the CPI did not include any of the four entertainment-related gifts, due to pandemic restrictions on in-person performances. [...] The year 2020 was especially challenging due to the pandemic and with the suspension of most live performances, we eliminated them from the index as they were not an option for the True Love, but they returned in 2021.
^Spinner, Jackie (December 20, 2007). "Two Turtledoves, My Love: But Maids-a-Milking? Gone. Whole List? Money Doesn't Grow on Pear Trees". The Washington Post. Retrieved December 20, 2007.
^Olson, Elizabeth (December 20, 2007). "The '12 Days' Index Shows a Record Increase". The New York Times.
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